USD/CHF: Further decline??? (11.8.2017)

Looking at the 4HR chart, the price has broken back through a key descending trendline and now has retraced to a 50% FIB level. My bias is a potential further decline to previous support level at 0.95527 - which is an 80 pips target with a stop loss of roughly 20 pips.

This is a risky trade but its all practice :)

Kommentera:

If my bias is wrong then I'll be looking for swing entry for a potential bounce.